HomeMy WebLinkAbout2139 ' ~ ~ ~ j~ IVV 2VVV
THlS INDENTURE, IM~d~ the 27~.~1 day of ~1P A.D. 19~ batween
_ John R. Stanley and Geraldine Stanlev. his xife
of _ S'~. L11G~A ~q~~ty p~a;da, hereinaf~ar desgnated a}• thq "MO~TGAGOR.° and fIRST FEDERA~ $AVINGS AND LOAN
ASSp~lAT10N OF FORT PIERCE, i co,porat~on or9ani:ed and exisring u~de~ tM laws M Ihe United Stafas of Americ~ ~nd Mving ib p~incipal place of
business i~ ths City of fw~ Pierce, 5~. luci~ County, Flwtd~, her~inaftK desigr?sted a~ tla "MpRiGAGEE."
WHfREAS tM MORTGAGOR is justly indebted to ths MORTGAGEE in the sum of ~2~~~ good and lawful money of the Un~ted
Srates advanced by the h10RiGAGEE unto the MORiGAGOR, as evidenced by a certain promiuay note of even date herewith, of wh~ch ths followiny in
words and figurct ii a tr~s copy, to-wit:
; ; = 31,200.00 ~h-18~.6t0
Fort Pierce. Florid~, shLZ,r. 2? 19~_
Fw value received, I, we or eithe~ of us, prom~se to pay, without defalcation, to the orde~ of FiRST FEDERAI SAVINGS AND IOAN ASSOCIAiION OF
\ FORT PIERCE at Fort Pierce, Ftwida, the sum of _~,v;th inre~est (rom date at the rate Of La.L,~96 per annum, in monthly install-
~ ments as follows: S 236.~ on ~he ~ 9t day of ~~~1a~8I' 19~ and a like sum on tF?e corrospond~ng day of each month there-
\ after until the whole be fully paid.
` EacF~ initallment firot shalt be applied in payment of rhe interest and then on the unpa~d balance of the prindpal sum. If d ault is made in the
~ pay~nent of any i~stallment when due, and wch default continues 30 days, lhen at the option of the holder, a~d without any other ratice, all the remainirg
~nstallmenfs shall be due and payab:e at once. Privileqe is given to prepay this rate in whote or i~ pa~t at any time withouf penalty. Neither forebearance,
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no~ acceptance by the holder thereof afte~ any defautt in sny payments hereon, snaN be deemed exrension, A late payment charge o! i_L1a~, shall be i
~~i added to each ins~altment remain~ng vnpaid 7 days after its due date, and a tike sum shall be addrd to each iuch installment remaining unpaid 7 dsys after -
each succerding payment date.
~ Each maker, surety and endorser hereof, jo:ntly and severally, waives demand, presentment protest and notice of protest fw nonpayment, and funher
agreea to any extens;on of Gme of payment, eithe: before or after maturity, witha:t not~ce to any of us; and to pay all msts of collectioo, includ;ng a
~ reasonable attwney's fee in the avent of any detault hereunder, and hereby severally waive: all benefit of homestead a~d exemption under the constitution
~ and iaws of each State of the United States, as against this obligation ot any extmsion or renewal he?eof.
~ Wifness the hand and sea! of each party.
s/ John R. Stanley ~,,i~
cs~?u
~ s/ Geraldine Stanle~ tse~u)
r~ ,~1'L (S~AU
i-~Lw.B~ 1 State Reven~e
- `T~ (iy~M.M~w1iMl.ow.~wiS+wa1~). ~
NOW, THEREFORE, the MORTGAGOR fo~ the purpox of iecurirg payment of said sum of S ~~~2~~~ snd tM perforrt:ance of the ~
~ covenanb and agreements hereina(ter expressed, and fw dvers good and valuabfe consideratiom, by these p~esents, does granf, bargain, sell, ~em~se,
rekase, convey and confirm unto the MORTGAGEE, its succeuws and auigns, afl that certsin bt, piece or p~rcel of t+nd, situate, lying, and being in ths ~
Co~nry of - St. T.11C:L9 ~ and State of fbrida, dewi6ed ~s follows: ~
~
Lot 6, BRIARGATE SUBDMSI~ON, as per plat thereof t
in Plat Book 14, Page 19, of the Pub].ic Recards of
i
St. Iucie Countq, Florida
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a = ~;~~~~4 6 g 0=
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rogether w~th all and singu(ar the tenements, hereditaments +nd appurt~nces therevnto belongirg w in tnywise apperfaininp thereto, snd ~I~ renb, iuues,
p~oceeds and ~ofits acu~ing and to accrue from said premises, aN of wtiich are included in the above and foreyairg dexription and hsbendum.
TO HAVE AND TO HOLD the sbove deuribed snd g~anted p~cmises unto the said MORTGAGEE, its successon +nd auiy~u forevtr. And th~ taid
MORTGAGOR for heirs, executon, administratws and assgns, hereby tovenanb with the said MORTGAGEE, ib suctesson and ~ssiyro,
that --~C~- lawfully seized of the said premis~ io fee simple; tfiat the aame ~re free, ckar ~od discharged from alt liens u~d ~ncvm-
b~antes in Isw ot in equity, and ihst~_ will and their heits shatl wsrrant and defend the title fo tha samt to the safd
MORTGAGEf, its ~~ccessors s~d assigns, fwever sgainst the Iswf~l claims and demands of sll pe?sorq;
PROYIDED, ALWAYS that if the MORTGAGOR shall pay ~nto the MORTGAGEE the promissory note hereinbefore described ~nd sMll truly, promptly
and fully pcrform, d~xharge, !7[KUtl, compkte, comply w;~h snd abide by each and every the stip~lations, agreemenn, conditions snd cwenants of said
promissory rate and of this Mongage, then this Mwtgage and ~he Estate hereby ve~ted shall cess~ ~nd be null and void_
IT !5 UNDERSTOOD t}nt ihe wwd "Mortgagor" whether in the singular or plwal ~nywhere in fhis Mwtgs9e, shsll bt sirgulu if one only and
shall be plural jointly and seve~ally if more than one, and that tht wwd "their" ss uscd snywhere in this Mwt9ag~ shall be tsken fo mesn "hii;' "hen;'
or "its," wlxrever tFM co~text u~ implies w sdmits. Also, rhat wl+erever there i~ a ~eference en the covenants and ~greernents Ix?ein co~tained to any of
rhe pa.tiea hereto, the same thalt be construed to mesn as well as the heas, leg+l r~esent~iivet, successon and auigns (eitF~er volunary by act of the
pa?ties a iovoluntsry by operafion oi tFx law) of tF~e same and that the covenants herein confained shatl bind ~nd the benefirs and sdvantsgq inwt
ro the ~espective FKin, kgal represenlatives, successws and au~gns of the p~nies hereto.
And said Mortgsgon, fa themselres and their heirs, legal representativa, successors and auiyro, hereby joiMly and sever~lly covenant and pree
to and with tfie said N10RTGAGEE, its successws and essigns:
1. To pay all ~nd tingular the printipal and interest snd t(x vsrio~s snd tundry sums of mo~ey pay~ble by vi~tue of said promiuwy note, and this
mwt9aQe, ead? and every, promPtlY on the days rapectively tF?e same sev~rally becane due.
2. To pay ~II and sing~lar the uxes. ~ssesunenn, levies. Gsbifities, obligations snd encumbrantn of every nature ~r+d kind now on said described
prciperty, a that hcreafter msy be ;mpwed, suffered, pl~ted, levied, a ~uessed thereon, w that hero~fter m~y be kv~ad w asseued ~pon this Mwtq-
age, or the indebtedneu secured hereby, exh arod eve~y, when dve and pay~ble, accwdirg to law, befwe they become delinquent, and befas u+y imereit '
ar~aches or any penalty is incurred; AND INSOFAR AS ANY THEREOF IS Of RKORD THE SAME SHAII 6E PROMPTLY SA11Sf1ED AND D15CHARGED OF
RECORD ANO THE ORIGINAI OFFICIAL [10CUMENT (SUCH AS, FOR INSiAIVCE, THE TAX RfCE1PT OR THE SATISFACTION PADER OFFICIALIY ENOORSED
OR CERTIFIED) SHALL 6E PLACED ~N THE HANDS Of SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENi; ~nd in Ihe event that sny thereof is na
paid, saYffied and dixhsrged sa:d MORiGAGEE may at any time p+y the same a any psrt thereof without waiviny w affecting any option, (ien, eqvity w
•~qht under or by vi~tue of this morrgage and fhe fu11 amo~nt of each and every tuch payment shall be immedutely due snd payable and shall besr interelt
~•om the date the.eof un+il pa7d at rate of n~ne pcr centum per annum s a~e~w~h s~ip{Rrts~ll be secured b~ the lien of th:s morytage.
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